Sui (SUI), a newcomer in the crypto sphere, is making waves as it tallied an impressive 87% rally in the last seven days, pushing its price to reach $1.43 at the time of writing for a new record high. Its native token has outperformed Bitcoin, sparking renewed interest in the dormant DeFi scene.
Sui’s remarkable success can be attributed to the remarkable surge in its Total Value Locked (TVL), a key metric reflecting the amount of cryptocurrency locked into its decentralized finance (DeFi)